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Two projects C1 and C2 require an initial investment of $312,000, annual net cash flows (PV of $1, FV of $1, PVA of $1, FVA

Two projects C1 and C2 require an initial investment of $312,000, annual net cash flows (PV of $1, FV of $1, PVA of $1, FVA of $1) the company requires 9% return from it's investment

Project C1

Year 1- $40,000

Year 2- $136,000

Year 3- $196,000

Project C2

Year 1- $124,000

Year 2 $124,000

Year 3- $124,000

Q. Compute net present value

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